Electronics giant JB Hi-Fi will return $250 million to shareholders via a share buyback following another set of strong financial results despite supply chain delays and the Omicron outbreak.
Online sales continued to grow, however, rocketing up 62 per cent for the half to over $1.1 billion. The segment now makes up nearly a quarter of JB Hi-Fi’s total revenue. The business recorded an interim dividend of $1.63, payable on March 11. The company’s whitegoods division, The Good Guys, continued its strong performance through the half, with sales only falling slightly, down 0.8 per cent to $1.44 billion and margins improving by 1.9 per cent.
The company has also been less affected by the recent supply chain disruptions that had plagued the rest of the industry thanks to its diverse supplier base, however, Mr Smart noted logistics delays had worn on the business through the new year.
swrighteconomy That’s good, maybe they can pay back all Job-keeper now they have so much money.